JACKSONVILLE, Fla.--(BUSINESS WIRE)--Availity,
one of the nation’s leading health information networks, today announced
it has acquired Nashville, Tennessee-based RevPoint
Healthcare Technologies, an innovative provider of revenue cycle
tools that increase patient collections at the beginning of the revenue
cycle process.

Unlike traditional collection tools developed to support the end of the
revenue cycle, the RevPoint solution focuses on the front office – where
it matters most – enabling an increase in patient payments before the
patient visit. The acquisition expands Availity’s ability to satisfy one
of the provider market’s top pain points: more timely and consistent
cash flow. Improved cash flow is especially critical as the popularity
of high deductible health plans means more of the payment responsibility
moves to patients, and thus physicians, to ensure timely payment. The
acquisition also accelerates Availity’s
reach into the hospital and health system sectors, while deepening
its capabilities to meet the demands of an evolving revenue cycle.

“Health care is transforming quickly, and with it the revenue cycle
process is changing dramatically for providers,” said Russ
Thomas, Availity CEO. “With patient financial responsibility on the
rise, a wave of new payment models in the market, and increased pressure
to reduce operating costs, providers must be able to accelerate their
patient collections earlier to maintain a healthy cash flow. The tools
developed by RevPoint make that possible by facilitating an integrated
and automated workflow for up-front patient collections, enabling us to
deliver an even more powerful solution to our customers.”

“We are very excited about joining Availity,” said Hal
Andrews, Chief Executive Officer for RevPoint. “Their relentless
focus on delivering high-value solutions that simplify the provider
revenue cycle is a perfect complement to RevPoint’s capabilities. Coming
together with them is a real win for both our companies and our
customers.”

RevPoint will operate under the Availity brand as part of its revenue
cycle management suite of solutions and will continue to be run out
of Nashville. “We look forward to building a strong presence in the
Nashville market, which has been a hub of innovation and leadership in
health care,” said Thomas.

Brentwood
Capital Advisors LLC served as the exclusive financial advisor to
RevPoint in this transaction. Terms of the arrangement are not being
disclosed.